{"version":1,"type":"story","url":"https://digestai.news/story/brookfield-and-drax-plan-up-to-1-gw-ai-data-center-at-drax-power-stati","json":"https://digestai.news/story/brookfield-and-drax-plan-up-to-1-gw-ai-data-center-at-drax-power-stati.json","markdown":"https://digestai.news/story/brookfield-and-drax-plan-up-to-1-gw-ai-data-center-at-drax-power-stati.md","slug":"brookfield-and-drax-plan-up-to-1-gw-ai-data-center-at-drax-power-stati","headline":"Brookfield and Drax plan up to 1 GW AI data center at Drax Power Station","summary":"Brookfield and energy firm Drax Group announced an agreement to build a large artificial‑intelligence data centre on the Drax Power Station estate in North Yorkshire. The project will start with up to 100 MW of capacity, slated for the first quarter of 2028, and add another 500 MW between 2028 and 2031. Brookfield later aims to secure more than 1 GW at the site, though no date is set.\n\nBrookfield estimates total investment could exceed £20 billion (about $26.8 billion), with an initial £2.5 billion committed for phase 1. Drax’s London‑listed shares rose 8.2% in early trading following the announcement.","keyPoints":["Brookfield and Drax signed an agreement to develop an AI data centre at Drax Power Station","Phase 1 targets up to 100 MW by Q1 2028, then 500 MW by 2031, aiming for >1 GW later","Brookfield estimates total spend could exceed £20 billion ($26.8 billion), with £2.5 billion initial investment"],"whyItMatters":"The project secures massive power for AI workloads in Europe, addressing the region’s energy‑intensive AI infrastructure gap and signalling strong investor confidence in AI compute demand.","category":{"slug":"business","name":"Business & Funding","url":"https://digestai.news/category/business"},"entities":{"companies":["Brookfield","Drax Group","Radiant"],"models":[],"people":[]},"firstPublishedAt":"2026-11-03T08:28:31Z","updatedAt":"2026-11-03T08:28:31Z","sourceCount":1,"hasPrimarySource":false,"sources":[{"outlet":"CNBC Technology","title":"Brookfield targets $27 billion AI data center at power station. Energy firm Drax surges 8%","url":"https://cnbc.com/2026/11/03/brookfield-ai-data-center-yorkshire-drax.html","publishedAt":"2026-11-03T08:28:31Z","type":"press","primary":false,"lead":true}],"sourceNotes":null,"discussions":[],"thread":null,"cite":{"text":"Digest AI, \"Brookfield and Drax plan up to 1 GW AI data center at Drax Power Station\", 3 November 2026, https://digestai.news/story/brookfield-and-drax-plan-up-to-1-gw-ai-data-center-at-drax-power-stati","publisher":"Digest AI","title":"Brookfield and Drax plan up to 1 GW AI data center at Drax Power Station","datePublished":"2026-11-03T08:28:31Z","url":"https://digestai.news/story/brookfield-and-drax-plan-up-to-1-gw-ai-data-center-at-drax-power-stati"},"generatedBy":"Written by Digest AI's editorial model from the linked sources; the sources are the record.","license":"Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse"}